Mercado Bitcoin hack losses are at $46M and growing

Brazilian crypto exchange Mercado Bitcoin has paused withdrawals and deposits after losing an estimated $46 million worth of crypto to hackers. The exchange claimed it contained the security incident this morning, saying, “There was no harm to customers,” and “there was no data breach.” It said the temporary withdrawal and deposit suspension was a “precautionary measure” and that the firm is investigating what happened alongside “competent authorities.” Mercado Bitcoin already shared wallet addresses Akrham analyst Emmett Gallic claims Mercado Bitcoin’s hack losses are worth over $46 million and growing. He claims, “Lots of old deposit addresses are being swept by the hacker currently, while they sell off memecoins and altcoins.” The exchange had already shared the various wallet addresses where the stolen funds were sent in order to help track…

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